Antitrust regulator gives nod to Boeing-Embraer deal

Brazil antitrust regulator Cade approved Boeing Co’s (BA.N) purchase of Embraer SA’s (EMBR3.SA) commercial aviation division without restrictions. Boeing has offered to pay $4.2 billion for 80% of Embraer’s commercial jet division. That puts it in direct competition with next-generation jets designed by Bombardier Inc (BBDb.TO) and acquired by Europe’s Airbus SE (AIR.PA). The deal is still under investigation pending regulatory approval in the European Union.

Source: Reuters